# TAIKAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/taikai-s-a

- Industry: Software
- Headquarters: Porto, Portugal
- Website: www.taikai.network
- Total disclosed funding: $2.3M
- Latest round: Seed (Sep 29, 2021)
- Investors on record: 3

## About

TAIKAI S.A. operates as a comprehensive hackathon platform that connects companies with skilled developers and innovators to collaboratively create solutions, fostering a vibrant ecosystem for project development.TAIKAI S.A. was founded in 2018 in Porto, Portugal. The company specializes in facilitating hackathons, providing a platform that enables organizations to engage developers effectively. The founders include Carlos Pereira and Mário Alves, with Mário Alves currently serving as CEO. TAIKAI has successfully raised EUR 2 million in Seed funding in September 2021, led by EOS VC with participation from Bright Pixel and Portugal Ventures. The total amount raised by the company stands at EUR 2 million, with a record of three deals since its inception.TAIKAI operates a hackathon platform designed to connect companies with skilled developers and innovators. Its offerings include a user-friendly interface for project submissions, a matchmaking system for team formation, and management tools for hackathon execution. The platform serves a diverse global market, engaging clients like Microsoft and TikTok, along with governmental organizations such as the European Commission, catering to both participants and organizations seeking to host hackathons.TAIKAI's revenue model is centered on facilitating hackathons for organizations, earning through subscriptions or partnerships. Clients utilize TAIKAI’s tools for participant registration, team matchmaking, and event management, generating revenue from fees related to hosting events and additional services like custom branding. The platform primarily focuses on organizational clients rather than direct consumer sales.Following its most recent funding round in September 2021, TAIKAI plans to use the EUR 2 million raised to enhance its international expansion efforts, targeting growth in Europe and Brazil. Additionally, the funding will support the development of new recruiting solutions tailored for companies and startups. TAIKAI aims to introduce new products that align with these expansion strategies, further solidifying its position in the hackathon ecosystem.

## Funding rounds

- Seed, Sep 29, 2021, $2.3M — Portugal Ventures, EOS VC, Bright Pixel

## Investors

- Portugal Ventures (https://capitalatlas.ai/funds/portugal-ventures) — Seed
- EOS VC — Seed
- Bright Pixel (https://capitalatlas.ai/funds/bright-pixel) — Seed